Compliance Officer I - Vendor Management Oversight (Remote)

First Citizens; Raleigh (NC); Remote; USD 95,000 - 125,000; Full time

Job summary

A financial institution is seeking a Compliance Program Management professional. This position can work remotely from anywhere in the United States. The role involves supporting risk management compliance and requires a Bachelor’s Degree along with relevant experience in compliance or auditing. Competitive salary and benefits are offered.

Benefits

Competitive benefits program

Qualifications

• 4 years of experience in Compliance, Legal, Audit, Banking
• 8 years of experience if only a High School Diploma or GED

Responsibilities

• Analyze laws and regulations for compliance improvement.
• Provide support during audit and compliance exams.
• Prepare reports for Compliance management.
• Maintain knowledge of current laws affecting compliance.

Skills

General understanding of laws and regulations applicable to banking

Familiarity with Compliance Management Systems

Analytical and research skills

Good verbal and written communication skills

Microsoft Office suite proficiency

Ability to maintain business relationships

Flexibility in handling change and deadlines

Education

Bachelor's Degree in a relevant field

High School Diploma or GED

Job description

Overview

This position can work remote from anywhere within the United States.

This position is within the Compliance Program Management team and will be responsible for supporting the risk management compliance of the Bank through assisting the team in executing and facilitating key elements and/or compliance activities for oversight of various compliance programs such as Compliance Training, Third Party Risk Assessments, New Products and Change Management Assessments. The candidate maintains knowledge of new and existing laws that impact compliance activities in order to recommend necessary changes to mitigate compliance risk and provide oversight and perform compliance activities as needed. Reviews business processes, procedures, and activities for risks and inefficiencies and implements compliance new policies and procedures, as appropriate. Assists with internal and external audit reviews.

Responsibilities

• Compliance Improvement – Analyzes laws and regulations as well as internal business processes and systems. Aids in the development and revision of policies, procedures, controls that support regulatory compliance for oversight areas as needed. Performs compliance vendor due diligence assessments and works with Third Party Risk Management, Compliance SMEs and business owners to address potential issues, assess risks and controls and support the annual review process of due diligence process and documents. Also performs various governance, oversight, and review activities in accordance with established policies for areas such as Compliance training, New Products and Change Management. Additionally may assist with special projects or related business initiatives on a need basis.
• Business Support – May provide support to business and other compliance management associates as needed during audit and compliance exams for areas of oversight. May serve as a liaison between business units, examiners, regulators, auditors, legal and corporate compliance during compliance examinations if needed. Tracks, investigates, and resolves issues related to oversight activities areas. Recommends process and operational improvements that enhance efficiencies and reduce risk. May provide support to business programs, systems, or others within Compliance department throughout daily activities.
• Reporting – Prepares reports for Compliance management on compliance risks, heightened areas of risk, compliance operational processes, changes, or new regulations that may be applicable to areas of oversight.
• Compliance Expertise – Maintains a strong knowledge of current or changing laws, regulations, requirements, policies, and procedures that affect assigned oversight areas. Serves as a resource to management and compliance associates on compliance‑related matters for oversight areas.

Qualifications

Bachelor's Degree and 4 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 8 years of experience in Compliance, Legal, Audit, Banking.

Skills and Requirements

• General understanding of general laws, regulations, and standards that are applicable to banking.
• Familiarity with Compliance Management Systems and the regulatory frameworks or regulations that apply to financial institutions, such as SR 08-8, and other frameworks that apply to areas under oversight such as TPRM, NPS, Compliance Training.
• Good analytical, research, organizational skills; ability to perform regulatory research and analysis.
• Ability to work independently, take initiative and have good verbal and written communication skills.
• Microsoft Office suite, including presentation, and SharePoint skills.
• Ability to maintain effective business relationships with functional partners.
• Strong individual contributor with the ability to work effectively as a team.
• Flexibility in learning new topics, handling change and deadlines.

This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $95,000 and $125,000. Actual starting base pay will be determined based on skills, experience, location, and other non‑discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.